SNC Market Value
| SNC Crypto | USD 0.07 0 1.81% |
| Symbol | SNC |
SNC 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to SNC's crypto coin what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of SNC.
| 04/28/2024 |
| 05/28/2024 |
If you would invest 0.00 in SNC on April 28, 2024 and sell it all today you would earn a total of 0.00 from holding SNC or generate 0.0% return on investment in SNC over 30 days. SNC is related to or competes with Staked Ether, XCAD Network, Phala Network, Synapse, BLZ, Highstreet, and Tokocrypto. SNC is peer-to-peer digital currency powered by the Blockchain technology.
SNC Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure SNC's crypto coin current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess SNC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.4 | |||
| Information Ratio | 0.1741 | |||
| Maximum Drawdown | 21.72 | |||
| Value At Risk | (6.24) | |||
| Potential Upside | 9.34 |
SNC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SNC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SNC's standard deviation. In reality, there are many statistical measures that can use SNC historical prices to predict the future SNC's volatility.| Risk Adjusted Performance | 0.1156 | |||
| Jensen Alpha | 0.786 | |||
| Total Risk Alpha | 0.5988 | |||
| Sortino Ratio | 0.1725 | |||
| Treynor Ratio | (10.95) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SNC's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
SNC Backtested Returns
SNC appears to be very risky, given 3 months investment horizon. SNC retains Efficiency (Sharpe Ratio) of 0.18, which indicates digital coin had a 0.18% return per unit of volatility over the last 3 months. By inspecting SNC's technical indicators, you can evaluate if the expected return of 0.79% is justified by implied risk. Please review SNC's risk adjusted performance of 0.1156, and Downside Deviation of 4.4 to confirm if our risk estimates are consistent with your expectations. The entity owns a Beta (Systematic Risk) of -0.0716, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SNC are expected to decrease at a much lower rate. During the bear market, SNC is likely to outperform the market.
Auto-correlation | 0.62 |
Good predictability
SNC has good predictability. Overlapping area represents the amount of predictability between SNC time series from 28th of April 2024 to 13th of May 2024 and 13th of May 2024 to 28th of May 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SNC price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current SNC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SNC lagged returns against current returns
Autocorrelation, which is SNC crypto coin's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting SNC's crypto coin expected returns. We can calculate the autocorrelation of SNC returns to help us make a trade decision. For example, suppose you find that SNC has exhibited high autocorrelation historically, and you observe that the crypto coin is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
SNC regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If SNC crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SNC crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SNC crypto coin over time.
Current vs Lagged Prices |
| Timeline |
SNC Lagged Returns
When evaluating SNC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SNC crypto coin have on its future price. SNC autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, SNC autocorrelation shows the relationship between SNC crypto coin current value and its past values and can show if there is a momentum factor associated with investing in SNC.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether SNC offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SNC's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Snc Crypto.Check out SNC Correlation, SNC Volatility and Investing Opportunities module to complement your research on SNC. Note that the SNC information on this page should be used as a complementary analysis to other SNC's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
SNC technical crypto coin analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, crypto market cycles, or different charting patterns.